EU-supported European Battery Alliance (EBA) will roll out a newly updated action plan to enable 90% of the Union’s demand for batteries to be met with domestically made products by 2030.

Philippines’ investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024.

One of the world’s biggest vanadium redox flow battery energy storage systems has come online on the northern Japanese island of Hokkaido.

The government of Western Australia is funding work to assess a potential battery energy storage system (BESS) project which would be the biggest built in the state so far.

New York state is on course to meet its new 2030 target of 6GW of storage deployment, with storage projects in its interconnection queue growing 50% to 12GW.

EV batteries made by Mercedes-Benz will be given a new lease of life in stationary energy storage systems (ESS). 

Fluence has formed a partnership with TECO Group to pursue energy storage opportunities in Taiwan’s growing market.

News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.